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      Bank of England’s Bailey: Interest rate cuts not on the horizon

      Andrew Bailey addressing economic policies at a press conference, emphasizing financial stability amidst market challenges

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Wolf of Wall Street

  • Boeing losses narrow as boss says recovery is working

    Transport and infrastructure

    Boeing’s net losses narrowed in the first quarter of the year in an early sign the US planemaker may turn a corner this year. The firm reported a net loss of $31m (£23.3m) in the three months ended March, down from $355m the year prior. Core losses per share came in at ¢49, well ahead [...]

    Boeing reported a net loss of $31m (£23.3m) in the three months ended March, down from $355m the year prior.
  • Founder of whisky investment firm Hackstons tied to notorious ‘Wolf of Wall Street’ wine scam

    Investing

    A high-flying salesman who made millions during his time at a business that was subsequently exposed as a notorious wine scam is now running a West End whisky investment firm having changed his name, City AM can reveal. Alphie Valentine, 41, is the co-founder and director of Hackstons, whose flagship store opened in Knightsbridge in [...]

    City AM understands whisky investment firm Hackstons’ boss Valentine was a key player at Bordeaux Fine Wines (BFW), which liquidators subsequently labelled a ponzi scheme

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